Question: please show steps :) Note: rounding to 2 decimal places in your answers, if needed. 1. (20 points) A company produces premium organic coffee beans
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Note: rounding to 2 decimal places in your answers, if needed. 1. (20 points) A company produces premium organic coffee beans with a monthly demand function of Q = 25,000 - 1,000p, and total cost function TC = 2,500 + 13Q + 0.00203, where p is the price of coffee beans per pound and Q is the quantity (pounds). (a) What are the optimal quantity, price, and profit of the company? (b) Now suppose the company rents another office, and it has to pay an extra rent of $1,000 per month. What are the optimal quantity, price, and profit under the new condition
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